Bitcoin (BTC) has climbed back above the $110,000 mark after dipping to last week’s low of $103,660, signaling a potential end to the recent corrective phase. As of Monday morning (Asia time), BTC was trading around $110,430, helping lift the broader cryptocurrency market and pushing the total market capitalization above $3.8 trillion.
The rebound follows widespread dip-buying after a sharp correction, with many altcoins falling more than 20% from monthly highs. Market sentiment has also improved on hopes of a cooling in US–China trade tensions, ahead of the planned meeting between President Donald Trump and Chinese President Xi Jinping at the APEC summit in South Korea later this month. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are scheduled to meet earlier in Malaysia, seen as a step toward de-escalation.
A breakthrough in trade talks could be bullish for both crypto and traditional markets, potentially easing geopolitical risks that triggered forced liquidations earlier this month and reducing inflationary pressures, supporting a Federal Reserve pivot toward easing. Fed Chair Jerome Powell recently hinted that quantitative tightening may be nearing its end, with at least two more rate cuts still possible.
Analysts call Bitcoin bottom, eye higher targets
Several analysts now suggest that Bitcoin’s recent rebound marks a bottom. Popular trader CryptoPulse identified $104,000 as a firm floor, projecting a potential climb toward $150,000 in the coming weeks. Similarly, FriedrichBtc noted that the daily RSI had entered oversold territory prior to the bounce, indicating exhausted selling pressure, with $135,000 as the next key level.
Chart setups point to a trend reversal, with higher lows forming above the $104K region. Analysts anticipate gradual upward movement through $120K–$130K before testing the $135K–$150K range, provided macro conditions remain favorable.
Cautionary signals remain
Not all analysts are fully bullish. Captain Faibik warned that Bitcoin is trading within a rising wedge pattern, historically prone to downside breaks. While bulls remain in control for now, especially with BTC above the weekly 50-day moving average, the broader uptrend could face resistance if macro conditions shift.
